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Thomas Sowell Minimum Wage Research Paper

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Minimum Wage Policies
Thomas Sowell is well known for advocating for an upgrade of minimum wages to better the lives of the poor. In one of his favorite quotes, Sowell says that “if their work is not worth enough to pay for what they want, is it up to others to make up the difference, rather than up to them to upgrade their skills to earn what they want?” (Sowell, 2). However, various assumptions arise in the collective thought that increase in the minimum wage of employees will ultimately improve the lives of the less fortunate members of the community.
Political activists who advocate for the increase in minimum wage are credited for being compassionate with regards to the needy members of the community. This is because an increase in the minimum wage is based on improving the income and ultimately the lives of the lower class members of the community as far as salaries are concerned. However, these advocates rarely take time to investigate what the consequences of changing the minimum wage laws and policies (Sowell, 1). According to the fundamental economic principles, individuals are more …show more content…

With regards to advocates of the minimum wage bill being referred to as being compassionate towards the low-income earners, there arises the assumption that there exists some American’s enduring class and that reducing the needy members of the community’s chances of acquiring a job is compassionate. Thomas Sowell’s statement assumes that every member of the population is employed thus improving the minimum wage will improve the lives of the poor people in the society. However, this assumption is not correct since adjusting the minimum wage bill will result to increase in unemployment at the cost of improving the wages of people with

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